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    1632 Greentree Blvd Clarksville, IN 47129

    For Sale
    $3,100,000

    32-unit multifamily, high ROI potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 32-unit apartment building in Clarksville, Indiana, presents a compelling investment opportunity. Situated on a 1.56-acre lot (APN: 102403200922000013), this property consists of three, two-story buildings constructed in 1969 and zoned for multifamily use. The complex boasts 31 one-bedroom and one two-bedroom unit, offering a diverse rental mix. Recent capital improvements significantly enhance the property's value and appeal. These upgrades include new windows and exterior doors on all buildings, a completely repaved and restriped parking lot, fresh exterior paint, and new roofs installed in 2020. Interior improvements are equally impressive, with all units and tenants having been turned over within the last 18 months. Furthermore, the on-site coin laundry features brand-new machines installed in August 2023, and three of the four hot water heaters were replaced in 2024, with the remaining one replaced in 2022. This stabilized multifamily property, located in a desirable and growing area, offers investors a chance to acquire a well-maintained asset with a strong potential for return. The asking price is $3,100,000.

    Property Features for 1632 Greentree Blvd

    General Information

    Property type
    Multifamily properties
    Lot Size
    67,954 SF

    Building Details

    Year Built
    1969
    Buildings
    3
    Stories
    2
    Units
    32

    HighLights

    • 32‑unit apartment building in Clarksville, Indiana, on a 1.56‑acre lot (APN: 102403200922000013).
    • Three two‑story buildings, built in 1969, zoned multifamily.
    • 31 one‑bedroom units and one two‑bedroom unit.
    • Recent capital improvements include new windows, exterior doors, repaved parking lot, exterior paint, and roofs (2020).
    • All units renovated within the last 18 months; new coin laundry (August 2023); recent hot water heater replacements.
    • Asking price: $3,100,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7667917
    Latitude
    38.3221216

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    FAQs

    What type of property is this?
    Multifamily property - 32-unit multifamily, high ROI potential
    Where is this multifamily property located?
    The property is located at 1632 Greentree Blvd Clarksville, IN.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: 32-unit apartment building in Clarksville, Indiana, on a 1.56-acre lot (APN: 102403200922000013).; Three two-story buildings, built in 1969, zoned multifamily.; 31 one-bedroom units and one two-bedroom unit.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1632 Greentree Blvd Clarksville, IN 47129
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